2550 Pacific Coast Highway

Local assessors in Torrance, CA have categorized 2550 Pacific Coast Highway as a unknown type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 1,051,430 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a unknown. If we look only at the heated or air conditioned part of the building, then 2550 Pacific Coast Highway has a total of 55,800 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. In addition, there is a unknown on the property. Perfect for those who want to host pool parties over the summer. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with unknown control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2550 Pacific Coast Highway sold most recently in Oct 6, 2021 for a total of $67,700,000. If you work out the math, that's approximately a cost of $1,213.26 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $488,301 in taxes each year. 2550 Pacific Coast Highway was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $41,087,640. If we break it down further, the land itself was valued at $31,074,300. Improvements to the property, however, were assessed at a total of $10,013,340. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!